National Bank Financial Brokers Boost Earnings Estimates for Canadian Pacific Kansas City Limited (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Equities researchers at National Bank Financial increased their FY2024 earnings per share estimates for shares of Canadian Pacific Kansas City in a note issued to investors on Wednesday, September 11th. National Bank Financial analyst C. Doerksen now expects that the transportation company will post earnings of $3.17 per share for the year, up from their previous forecast of $3.13. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.10 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s FY2025 earnings at $3.77 EPS.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the previous year, the business earned $0.62 EPS. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis.

Several other research firms also recently weighed in on CP. Sanford C. Bernstein boosted their price target on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a research note on Monday, July 8th. Barclays dropped their price target on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Wells Fargo & Company assumed coverage on Canadian Pacific Kansas City in a research note on Friday, June 7th. They set an “overweight” rating and a $90.00 price target on the stock. Susquehanna reiterated a “neutral” rating and set a $80.00 price target on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus boosted their price target on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $96.36.

Canadian Pacific Kansas City Stock Up 1.1 %

Canadian Pacific Kansas City stock opened at $87.28 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. The business’s 50-day simple moving average is $81.78 and its two-hundred day simple moving average is $82.50. The company has a market cap of $81.44 billion, a PE ratio of 27.97, a PEG ratio of 2.45 and a beta of 0.96. Canadian Pacific Kansas City has a fifty-two week low of $68.92 and a fifty-two week high of $91.58.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be issued a $0.1373 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 dividend on an annualized basis and a yield of 0.63%. Canadian Pacific Kansas City’s payout ratio is 17.31%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of large investors have recently bought and sold shares of the business. LRI Investments LLC acquired a new position in shares of Canadian Pacific Kansas City during the first quarter valued at approximately $32,000. Chris Bulman Inc acquired a new position in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $35,000. ORG Partners LLC acquired a new position in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $39,000. Tobam acquired a new position in shares of Canadian Pacific Kansas City during the first quarter valued at approximately $51,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $61,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.